Property Types Industrial
July 18, 2008
The distribution buildings at 26 and 28 Millbury Street in Auburn, Mass., about 40 miles west of Boston, traded for an aggregate $38.5 million. Liberty Properties of Boston sold the two-building 667,000-square-foot complex to Scarsdale, N.Y.-based Rabina Properties in a transaction that was structured as a forward commitment to accommodate 26 Millbury Street's construction timeline. Located near the Massachusetts Turnpike/I-290 interchange, the property consists of the 210,000-square-foot 26 Millbury, a month-old build-to-suit for Interline Brands, and the 450,000-square-foot distribution center at 28 Millbury, which is used as Filene's Basement's main distribution hub. Holliday Fenoglio Fowler L.P. orchestrated the property's disposition on behalf of Liberty.
The distribution buildings at 26 and 28 Millbury Street in Auburn, Mass., about 40 miles west of Boston, traded for an aggregate $38.5 million. Liberty Properties of Boston sold the two-building 667,000-square-foot complex to Scarsdale, N.Y.-based Rabina Properties in a transaction that was structured as a forward commitment to accommodate 26 Millbury Street's construction timeline. Located near the Massachusetts Turnpike/I-290 interchange, the property consists of the 210,000-square-foot 26 Millbury, a month-old build-to-suit for Interline Brands, and the 450,000-square-foot distribution center at 28 Millbury, which is used as Filene's Basement's main distribution hub. Holliday Fenoglio Fowler L.P. orchestrated the property's disposition on behalf of Liberty.
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